Notes to SEFA
Title: 1
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the regulatory basis of accounting prescribed by Arkansas Code Annotated §10-4-413(c), as set forth in the Arkansas Department of Education Rules Governing the Regulatory Basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The Charter School's restricted indirect cost rate was 3.88% for federal awards, where applicable.
The Schedule of Expenditures of Federal Awards is prepared on the regulatory basis of accounting prescribed by Arkansas Code Annotated §10-4-413(c), as set forth in the Arkansas Department of Education Rules Governing the Regulatory Basis of Accounting.
Title: 2
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the regulatory basis of accounting prescribed by Arkansas Code Annotated §10-4-413(c), as set forth in the Arkansas Department of Education Rules Governing the Regulatory Basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The Charter School's restricted indirect cost rate was 3.88% for federal awards, where applicable.
The Charter School's restricted indirect cost rate was 3.88% for federal awards, where applicable.
Title: 3
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the regulatory basis of accounting prescribed by Arkansas Code Annotated §10-4-413(c), as set forth in the Arkansas Department of Education Rules Governing the Regulatory Basis of Accounting.
De Minimis Rate Used: N
Rate Explanation: The Charter School's restricted indirect cost rate was 3.88% for federal awards, where applicable.
Reconciliation of the Schedule of Expenditures and Federal Awards to the Federal Assistance on the Statement of Revenues, Expenditures, and Fund Balances.